Itr form for agriculture income

ITR 22146 views 23 replies

Sachin

None

55 Points Joined July 2014

Hi,

I want to file Income Tax return for my mother. She have some income from tutions and some for AGRICULTURE LAND ( around 40k/year). Please suggest which form i should be using ITR1 or ITR 4S. Also in what columns should i put her icome of above mentioned.

Thanks

Sachin

Replies (23)

mazhar

audit assistant

22 Points Joined November 2012

u should have to fill itr 4 bcse tution income is an professional incom

Tribhuvan Aditya Singh

Student as well as Self-employed

3710 Points Joined September 2007

if tuition income is provided on part time basis then you can also file itr 2 otherwise itr 4.

CA Pratik Sirwani

Chartered Accountant

127 Points Joined June 2010

You can file ITR-2 and show tuition income under the head Income from other sources

Harshil

student

65 Points Joined July 2014

You file itr 4 u added agri. Income because your mother income more than 5000 for point intregation ..second condition is your mother income is exceed basic limit......also said as other source income.....

Sachin

None

55 Points Joined July 2014

Friends, Thanks for your quick responses. I am bit confused with responses.

- Do i need to file both ITR-2 and ITR-4S ?

- What is the max limit for agriculture income for tax exemption.?

- Tution income is part time income, so what form is required.

Please help.

Thanks

Sachin

Tribhuvan Aditya Singh

Student as well as Self-employed

3710 Points Joined September 2007

first of all, you can either file itr-2 or 4s. you cant file both..... now let me help you choose, itr-1 and 4s can be filed only when exempt income is upto 5000 but in your case agriculture income is more than 5000 so you are left with itr 2,3 and 4. no need to file itr 3 because there is no income from partnership firm. now only two options itr 2 and 4. the only diff between these itr is that itr 4 includes business income, which in your case is nil. so here is your answer, ITR 2.

Sachin

None

55 Points Joined July 2014

I also have tuition income. So will that also go into itr2? Or I will need a separate itr for that I.e. Itr4?

Originally posted by : Tribhuvan Aditya Singh
	first of all, you can either file itr-2 or 4s. you cant file both..... now let me help you choose, itr-1 and 4s can be filed only when exempt income is upto 5000 but in your case agriculture income is more than 5000 so you are left with itr 2,3 and 4. no need to file itr 3 because there is no income from partnership firm. now only two options itr 2 and 4. the only diff between these itr is that itr 4 includes business income, which in your case is nil. so here is your answer, ITR 2.

Tribhuvan Aditya Singh

Student as well as Self-employed

3710 Points Joined September 2007

@ sachin... only one itr can be filed for a year... you cant file multiple itr for diff. sources of income.. as i said, itr 2 is applicable in your case, then all your income will be shown in this itr only. tuition income to be shown under the head other sources and agriculture income to be shown under exempt income...... i hope you dont have any confusion now.. if any, feel free to ask.

sushil garg

Acctt. Asstt.

21 Points Joined April 2015

sir if my uncle have income from agriculture is Rs 5 lac and other income Rs. 200000 in F.Y 2013-14 then tell me which ITR to used and also calculation of tax. Sir can he avail rebate of tax upto Rs 1 lac as usualy avail after exemption limit of income i.e., Rs. 2 lac for F.Y. 2013-14.

THX

Sushil Garg

Vivek Venkataram

Just cleared CS(441/800) now C.A Final A

772 Points Joined March 2009

ITR 2 should be filled unless your mother is running professional coaching classes. Home tutions can be listed as income from other sources. Mr sushil Do u mean fy 14-15.? Because time has expired for Fy 13-14 as of March 31 ..2015 U will have to calculate tax on normal income after adding agriculture income and then deducting tax on only agricultural income.

jitender

Others

21 Points Joined August 2015

Dear sir

during filing my online itr i come across only 2 option itr-1 and itr4s but i have agriculture income & have to file itr-2.so pls suggest me how i can amend my prepare and submit itr to itr-2

Chandra Shekhar Gupta

1 Points Joined October 2015

Person having income from business [water tank supply] and agriculature income [excedding 50k]. Which ITR will be fill and how and where will be agricualture income show ??

Kindly guide.

Shivani Mittal

Practice

425 Points Joined September 2009

Dear Sachin,

ITR 4 is to be filed. Mention the agricultural income in Schedule EI. Agricultural income is exempt income as per law but practically reabte for tax on agricultural income is to be claimed. Such tax calculations will be done automatically in ITR Utility.

In case of further query, you contact me.

Regards

CA Shivani Mittal

cashivani.associates @ gmail.com